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Measure GDP and NDP from the following data: Consumption Expenditure                  $28,500 Government Expenditure       &nbsp

Measure GDP and NDP from the following data:

Consumption Expenditure                  $28,500
Government Expenditure                   $ 18,900
Investment Expenditure                     $16,800
Exports                                                $9.640
Imports                                               $8,750
Depreciations                                      $1,340
Retained Earnings                              $1,150
Indirect Business Taxes                      $950

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Answer #1

GDP = Consumption Expenditure +  Government Expenditure + Investment Expenditure + (Exports - Imports)

= 28500 + 18900 + 16800 + (9640 - 8750)

GDP = $65,090

NDP = GDP - Depreciations      

= 65090 - 1340

NDP = $63,750

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